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Will Other Junk-Bond Funds Fold Like Third Ave.'s?

TedTed
in Fund Discussions
FYI: The junk bond market came under further pressure Friday after news spread that Third Avenue Focused Credit Fund halted shareholder withdrawals as it liquidates its beleaguered portfolio of high-yield bonds.

The decline in junk bonds raises questions over whether the Fed will feel comfortable going ahead with its intention to begin raising interest rates on Dec. 16.
Regards,
Ted
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